Draft Carbon Dioxide Transport and Storage (Determination of Turnover for Penalties) Regulations 2024 Debate
Full Debate: Read Full DebateDepartment: Department for Business, Innovation, Science and Trade
Pippa Heylings
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Draft Carbon Dioxide Transport and Storage (Determination of Turnover for Penalties) Regulations 2024
Pippa Heylings Excerpts(1 year, 10 months ago)
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Pippa Heylings (South Cambridgeshire) (LD)
Thank you very much, Mr Mundell—learning so much in such a short time.
I thank the Minister for her opening remarks. This measure builds on the work in the Energy Act. It is critical, it is technical, and we support it; our only concern is this. These are not small or microbusinesses, and the provisions for determining turnover mention how the 10%—or up to 10%—would apply where companies have been operating for less than 12 months. Our only concern would be precautionary. If we are dealing with genuine start-ups, will that 10%—of, say, four months—be proportional to the impact of any leakage and the damage caused, and who will pay for the clean-up? I am just seeking some reassurance, so that we do not have very new companies coming in—which we will have—but then, when there is a leakage three months in, only getting fined 10% of that.